Previous Year Solved Question Papers

Previous Year Solved Question Papers

MCQs on Companies Act -12

1. According to sec 297, a director shall not enter into any contract with the company except with the consent of ……..

(A) manager 
(B) secretary
(C) employees 
(D) board of directors



2. When a director does an act which is in excess of his powers and company suffers a loss … is liable to make good the loss

(A) manager 
(B) secretary 
(C) director 
(D) board of directors



3. Unless the articles provide for the retirement of all directors at every annual general meeting, at least ………of the total number of directors retire by rotation.

(A) 1/3 
(B) 2/3 
(C) 2/4 
(D) 1/2



4.The new Sec 60B introduced by the Companies (Amendment)Act 2000 is related to……..

(A) articles of association 
(B) memorandum of association
(C) prospectus 
(D) information memorandum



5.The alteration of the objects of a company must be confirmed by the Company law……..

(A) board 
(B) act 
(C) tribunal 
(D) none of these



6.Which of the following statements are true -

(A) the charter of a company is its articles of association
(B) the object clause is divided into three parts
(C) every company should have its own articles
(D) an advertisement can be treated as a prospectus



7.Doctrine of indoor management is an exception to the principle of …….

(A) rule of majority 
(B) constructive notice
(C) public notice 
(D) ultra vires



8.A company can change its name by passing ……….resolution.

(A) special 
(B) extra ordinary 
(C) ordinary 
(D) none of these



9.The Companies (Amendment) Act 1988 provide that the companies should furnish along with the application form for shares or debentures, an………….instead of complete prospectus.

(A) shelf prospectus 
(B) red herring prospectus
(C) abridged prospectus 
(D) deemed prospectus



10.………….means a prospectus issued by any financial institution or bank for one or more issues of the securities specified in that document.

(A) shelf prospectus 
(B) red herring prospectus
(C) abridged prospectus 
(D) deemed prospectus




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